Business
Half Yearly Report
Half Yearly Report.
About this update from Symphony Environmental Technologies Plc
[{"type":"text","content":"\n \nRNS Number : 4252S Symphony Environmental Tech. PLC 24 September 2014 \n \n\n \n \n \n \n\n\n\n\n\n\n\n24 September 2014\n\n\n\n\nSYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC\n \n(\"Symphony\", \"Group\" or the \"Company\")\n \nInterim Results\n \nSymphony Environmental Technologies Plc (AIM: SYM), global specialists in \"making plastic smarter\", with d2w controlled-life, d2p anti-bacterial and d2t anti-counterfeiting technologies, is pleased to announce its interim financial statements for the six month period ended 30 June 2014.\n \nHighlights\n \nFinancial\n· Revenues £3.33 million (2013 H1: £3.59 million) \n· Gross profits £1.75 million (2013 H1: £1.78 million)\n· Gross profit margin 52% (2013 H1: 49%)\n· Group EBITDA profit £0.12 million (2013 H1: loss £0.14 million)\n· Profit before tax £0.08 million (2013 H1: loss £0.22 million)\n· Basic profit per share 0.07 pence (2013 H1: loss per share of 0.06 pence)\n· Net cash generated in operations £0.10 million (2013 H1: cash consumed £0.26 million)\nSegmental\n· Plastics Sales EBITDA profit £0.47 million (2013 H1: £0.28 million)\n· Plastics R&D EBITDA cost £0.25 million (2013 H1: cost £0.31 million)\n· Recycling technologies EBITDA loss £0.09 million (2013 H1: loss £0.10 million)\n \nSignificant developments\n \nd2w Controlled-life Plastic Technology \n· Major fertilizer company in Pakistan adopts d2w in all polythene bag liner applications\n· Entered into a paid-for biodegradable development project with an $80 billion global consumer products corporation on one of their key product lines \n· Progress is being made with enforcement in countries that have legislated in favour of d2w type technology\n \nd2p Anti-microbial Plastic Technology\n· Agreement signed for trials in fruit and vegetable applications, following a successful evaluation process, with a world leader in post-harvest solutio...